Democrats, Deficit Reduction | featured news

Economy has grown the most when Democrats have been in power

Demcrats Better for Economy

Earlier today, I linked to a Goldman Sachs research note arguing that the most fiscally conservative outcome in the 2012 election would be an Obama victory and Republican control of Congress. But their analysis was limited to deficit reduction.

 

Obama to propose $3 trillion in deficit cuts

Obama to propose $3 trillion in deficit cuts

President Barack Obama will release a plan on Monday calling for more than $3 trillion in deficit cuts over 10 years, with about half of the savings coming from higher taxes on the wealthy and big corporations.

 

Democrats will lose now. But they can win later.

Democrats are going to lose this one. The first stage of the emerging deal doesn’t include revenue, doesn’t include stimulus, and lets Republicans pocket a trillion dollars or more in cuts without offering anything to Democrats in return.

 

First Read: Democrats gain leverage in debt fight

Failure of Republican House leadership to pass a debt-reduction bill gives Democrats the edge, at least for now.

 

Obama says he won't raise debt ceiling on his own

A rising number of Democrats are asking President Obama to take executive action and raise the $14.3 trillion debt ceiling on his own, but Obama ...

 

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